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Acquisitions - Schedule of Consideration Transferred and Allocation to Identifiable Assets Acquired and Liabilities Assumed (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
May 06, 2024
Dec. 31, 2022
Dec. 31, 2021
Consideration Transferred:          
Cash paid $ 1,648.8 $ 242.6      
Cash acquired (52.6) (22.9)      
Holdback   1.2      
Fair value of hybrid financial instruments - founders   36.1      
Fair value of redeemable noncontrolling interest - other shareholders   12.6      
Fair value of contingent consideration 13.4 2.9      
Working capital and other closing adjustments 26.2        
Total consideration transferred, net of cash acquired 137.7 96.3      
Allocation of Consideration Transferred:          
Accounts receivable 58.3 11.1      
Inventories 147.9 45.0      
Other current assets 29.1 10.6      
Property, plant and equipment 70.4 42.1      
Deferred tax assets   182.7      
Other assets 91.4 32.9      
Goodwill 1,507.3 582.6   $ 457.6 $ 339.5
Deferred taxes (net) (113.2)        
Liabilities assumed (307.5) (119.5)      
Total consideration allocated 1,635.8 416.6      
Bargain purchase gain   $ 144.1      
Business Combination, Bargain Purchase, Gain, Statement of Income or Comprehensive Income [Extensible Enumeration]   Business Combination Bargain Purchase Adjustment Gain Loss      
Operating segments          
Consideration Transferred:          
Total consideration transferred, net of cash acquired 1,635.8 $ 272.5      
Allocation of Consideration Transferred:          
Goodwill 958.3 114.2      
Technology          
Allocation of Consideration Transferred:          
Intangible assets 316.8 61.8      
Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets 335.3 29.3      
Backlog          
Allocation of Consideration Transferred:          
Intangible assets 14.8 1.0      
Trade name          
Allocation of Consideration Transferred:          
Intangible assets 34.2 5.4      
Nanostring Technologies          
Consideration Transferred:          
Cash paid 392.6        
Cash acquired (0.5)        
Fair value of contingent consideration 0.0        
Working capital and other closing adjustments 0.0        
Total consideration transferred, net of cash acquired 392.1        
Allocation of Consideration Transferred:          
Accounts receivable 16.8        
Inventories 38.5        
Other current assets 8.9        
Property, plant and equipment 31.0        
Other assets 23.1        
Goodwill 253.8        
Deferred taxes (net) 4.8        
Liabilities assumed (90.8)   $ (44.7)    
Total consideration allocated 392.1        
Nanostring Technologies | Technology          
Allocation of Consideration Transferred:          
Intangible assets 53.0        
Nanostring Technologies | Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets 39.0        
Nanostring Technologies | Backlog          
Allocation of Consideration Transferred:          
Intangible assets 0.0        
Nanostring Technologies | Trade name          
Allocation of Consideration Transferred:          
Intangible assets 14.0        
ELITechGroup          
Consideration Transferred:          
Cash paid 951.9        
Cash acquired (43.4)        
Fair value of contingent consideration 0.0        
Working capital and other closing adjustments 22.7        
Total consideration transferred, net of cash acquired 931.2        
Allocation of Consideration Transferred:          
Accounts receivable 30.6        
Inventories 31.6        
Other current assets 15.7        
Property, plant and equipment 36.2        
Other assets 41.3        
Goodwill 501.1        
Deferred taxes (net) (100.8)        
Liabilities assumed (66.9)        
Total consideration allocated 931.2        
ELITechGroup | Technology          
Allocation of Consideration Transferred:          
Intangible assets 193.3        
ELITechGroup | Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets 236.3        
ELITechGroup | Backlog          
Allocation of Consideration Transferred:          
Intangible assets 0.5        
ELITechGroup | Trade name          
Allocation of Consideration Transferred:          
Intangible assets 12.3        
Chemspeed Technologies A G          
Consideration Transferred:          
Cash paid 175.4        
Cash acquired (0.6)        
Fair value of contingent consideration 0.0        
Working capital and other closing adjustments 0.0        
Total consideration transferred, net of cash acquired 174.8        
Allocation of Consideration Transferred:          
Accounts receivable 7.0        
Inventories 46.6        
Other current assets 1.4        
Property, plant and equipment 1.8        
Other assets 17.3        
Goodwill 127.8        
Deferred taxes (net) (14.0)        
Liabilities assumed (106.7)        
Total consideration allocated 174.8        
Chemspeed Technologies A G | Technology          
Allocation of Consideration Transferred:          
Intangible assets 27.9        
Chemspeed Technologies A G | Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets 51.5        
Chemspeed Technologies A G | Backlog          
Allocation of Consideration Transferred:          
Intangible assets 9.4        
Chemspeed Technologies A G | Trade name          
Allocation of Consideration Transferred:          
Intangible assets 4.8        
Other          
Consideration Transferred:          
Cash paid 128.9 47.8      
Cash acquired (8.1) (1.6)      
Holdback   1.0      
Fair value of hybrid financial instruments - founders   36.1      
Fair value of redeemable noncontrolling interest - other shareholders   10.1      
Fair value of contingent consideration 13.4 2.9      
Working capital and other closing adjustments 3.5        
Total consideration transferred, net of cash acquired 137.7 96.3      
Allocation of Consideration Transferred:          
Accounts receivable 3.9 1.9      
Inventories 31.2 2.5      
Other current assets 3.1 2.1      
Property, plant and equipment 1.4 0.6      
Deferred tax assets   0.0      
Other assets 9.7 4.3      
Goodwill 75.6 66.7      
Deferred taxes (net) (3.2)        
Liabilities assumed (43.1) (19.8)      
Total consideration allocated 137.7 96.3      
Bargain purchase gain   0.0      
Other | Technology          
Allocation of Consideration Transferred:          
Intangible assets 42.6 27.6      
Other | Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets 8.5 7.5      
Other | Backlog          
Allocation of Consideration Transferred:          
Intangible assets 4.9 0.2      
Other | Trade name          
Allocation of Consideration Transferred:          
Intangible assets $ 3.1 2.7      
Biognosys, Ag          
Consideration Transferred:          
Cash paid   73.6      
Cash acquired   (9.5)      
Holdback   0.2      
Fair value of hybrid financial instruments - founders   0.0      
Fair value of redeemable noncontrolling interest - other shareholders   2.5      
Fair value of contingent consideration   0.0      
Total consideration transferred, net of cash acquired   66.8      
Allocation of Consideration Transferred:          
Accounts receivable   3.6      
Inventories   0.4      
Other current assets   0.9      
Property, plant and equipment   8.0      
Deferred tax assets   0.0      
Other assets   4.3      
Goodwill   47.5      
Liabilities assumed   (25.4)      
Total consideration allocated   66.8      
Bargain purchase gain   0.0      
Biognosys, Ag | Technology          
Allocation of Consideration Transferred:          
Intangible assets   10.2      
Biognosys, Ag | Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets   13.8      
Biognosys, Ag | Backlog          
Allocation of Consideration Transferred:          
Intangible assets   0.8      
Biognosys, Ag | Trade name          
Allocation of Consideration Transferred:          
Intangible assets   2.7      
PhenomeX, Inc.          
Consideration Transferred:          
Cash paid [1]   121.2      
Cash acquired   (11.8)      
Holdback   0.0      
Fair value of hybrid financial instruments - founders   0.0      
Fair value of redeemable noncontrolling interest - other shareholders   0.0      
Fair value of contingent consideration   0.0      
Total consideration transferred, net of cash acquired   109.4      
Allocation of Consideration Transferred:          
Accounts receivable   5.6      
Inventories   42.1      
Other current assets   7.6      
Property, plant and equipment   33.5      
Deferred tax assets   182.7      
Other assets   24.3      
Goodwill   0.0      
Liabilities assumed   (74.3)      
Total consideration allocated   253.5      
Bargain purchase gain   144.1      
PhenomeX, Inc. | Technology          
Allocation of Consideration Transferred:          
Intangible assets   24.0      
PhenomeX, Inc. | Customer relationships          
Allocation of Consideration Transferred:          
Intangible assets   8.0      
PhenomeX, Inc. | Backlog          
Allocation of Consideration Transferred:          
Intangible assets   0.0      
PhenomeX, Inc. | Trade name          
Allocation of Consideration Transferred:          
Intangible assets   $ 0.0      
[1] Total cash consideration consisted of $107.2 million for the acquisition of the outstanding stock including an $8.0 million payment to settle an employee award, and settlement of a $14.0 million note previously issued by the Company to PhenomeX during 2023.
(b)
This amount includes an assumed liability for vested employee awards of $6.3 million on the acquisition date which was settled in the post-closing period ended March 31, 2023, for Biognosys, AG.